GHENT, BELGIUM--(Marketwire - August 25, 2010) -
GHENT, Belgium, 25 August 2010 - Ablynx [Euronext Brussels: ABLX]
announced
today its results for the six month period ending 30 June 2010, which have
been
prepared in accordance with the IAS 34 'Interim Financial Reporting' as
adopted
by the European Union.
H1 2010 Highlights
* EUR121.3 million in cash, cash equivalents and other short term
investments at 30 June 2010 (2009: EUR101.8 million)
* Revenues of EUR10.1 million (2009: EUR11.9 million)
* Successfully completed a Secondary Public Offering (SPO), raising gross
proceeds of EUR50.0 million
* Received a EUR2.0 million milestone payment from Boehringer Ingelheim
on selection of the first Nanobody(®) lead candidate for the
treatment of Alzheimer's disease
* Awarded EUR1.2 million in grant funding from IWT to accelerate the
development of ALX-0061, an anti-IL-6R Nanobody for inflammatory
disease
* Completed the recruitment of the Phase I study for ALX-0141 (anti-RANKL)
* Selected a new pre-clinical development candidate, ALX-0651, which
targets the GPCR CXCR4, for use in patients requiring hematopoietic stem
cell mobilization
* Selected ALX-0171, an anti-RSV Nanobody, for pre-clinical development for
the treatment of respiratory syncytial virus (RSV) infections
* Reported the successful generation of functional Nanobodies against an
ion channel
* Announced new data on pulmonary to systemic delivery and needle-free
administration of Nanobodies
* Extended for another year the research collaboration which forms part of
the license agreement for anti-TNF-alpha Nanobodies with Pfizer
* Successfully opposed a half-life extension patent which had been granted
to Domantis (a member of the GSK group) resulting in this patent being
revoked in full
* Reached a settlement with reMYND concerning a collaboration agreement
dispute
* Won the European Mediscience Award for the second year in a row for 'Best
Technology'
* Increased staff to over 246 people by period end
* Moved to a new 8,000 m(2) R&D facility
For more information, please contact Ablynx:
Dr. Edwin Moses
Chairman and CEO
t: +32 (0)9 262 00 07
m: +44 (0)7771 954 193 / +32 (0)473 39 50 68
e: edwin.moses@ablynx.com
Eva-Lotta Allan
Chief Business Officer
t: +32 (0)9 262 00 75
m: +32 (0)475 78 36 21 / +44 (0)7990 570 900
e:eva-lotta.allan@ablynx.com
Wim Ottevaere
Chief Financial Officer
t: +32 (0)9 262 00 08
e:wim.ottevaere@ablynx.com
[HUG#1440305]
Complete version of the press release:
http://hugin.info/137912/R/1440305/384658.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
All reproduction for further distribution is prohibited.
Source: Ablynx via Thomson Reuters ONE
